Take a Ride on the Magic Omnibus: Impact of H.R. 3221 on the FHA Program

"On July 30, 2008, President Bush signed H.R. 3221, otherwise known as the Housing and Recovery Act, making it Public Law # 110-289. This complex piece of Omnibus legislative art has many provisions. Some are good, some are bad, and some are downright ugly. Which is which, of course, depends entirely on your perspective and agenda. Regardless of your opinion, there are certain key provisions that are important to know regarding FHA loans. Let’s take a look at some of the key provisions of the FHA Modernization Act and Manufactured Housing Loan Modernization that were included in H.R. 3221 ..."

Read the rest at The FHA Mortgage Whistleblower!